DEAR BENNY: My wife inherited her sister’s house when she died last year. We want to allow our two oldest daughters to live there rent-free. The house will remain in my wife’s name. My daughters have agreed to pay all ...

DEAR BENNY: I have a question regarding a refinance. We had several unsuccessful attempts with two mortgage brokers because our house is located in a risky ZIP code and the appraiser said that he was unable to get two comps ...

DEAR BENNY: We are three owners of a property in a nice neighborhood. We own the property as tenants-in-common and have shared an interest-only loan since 2005. We are in the process of converting the property into three condominium units. ...

DEAR BENNY: I am 58 years old and married. My total household income is less than $50,000. I have no mortgage. However, I do have a line of credit with $130,000 owed. I have a daughter who is a junior ...

DEAR BENNY: If a homeowner is behind on his mortgage payments at the time a lease-option closes, in the event of foreclosure what is the effect on the lessee/purchaser? Is the lease dissolved and tenant removed prior to the end of lease term?

DEAR BENNY: Four years ago I bought the cheapest condo in town, intending to buy a house soon. However, I learned that our complex doesn’t qualify for mortgages that Fannie Mae would repurchase, because landlords own more than half of ...

DEAR BENNY: You frequently write about the stepped-up basis when a property is inherited. In today’s market, however, you may find the reverse situation. For example, let’s say I purchased a house for $600,000 several years ago but the current ...

DEAR BENNY: How can a condo association terminate an owner’s right of possession for being behind in assessment fees? The association never met with me to find out if I was in a hardship situation. Not only that, but how ...